5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Cramphorn Walk, Chelmsford, Essex, CM1
£320,000

Price History

Initial price £330,000
01/02/25 £325,000
15/02/25 £320,000
Price Change -3.03%

Description

This 5-bedroom HMO in Chelmsford offers a fantastic opportunity for investors to expand their portfolio. The well-maintained property features a lounge, kitchen, three-piece bathroom, and WC, as well as a driveway and rear garden space. Currently, the property produces an annual gross income of £33,240, which could be increased to a market rate of £36,000 with tenants already situated. The current tenants have consistently paid their rent and have no intention of moving out, providing a stable and reliable income stream for the new owner. With a valuable location and rewarding rental returns, this property is a worthwhile addition to any investor's portfolio.